BofA raised the firm’s price target on Howmet Aerospace (HWM) to $215 from $185 and keeps a Buy rating on the shares. The company’s Q2 results left investors feeling uncertain, though the firm does not expect Howmet to bear the burden of the destocking given the company has strategically produced below aircraft OEM rates, the analyst tells investors in a research note.
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Read More on HWM:
- Strategic Positioning and Growth Potential Justify Buy Rating for Howmet Aerospace
- Howmet Aerospace price target raised to $190 from $150 at JPMorgan
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